AuthorTopic: CML
ckylwy
@2009-06-05 23:00:52		 When the CML is tangiant to efficient frontier line, the point is market portfolio.

but I dont know why on the left hand side, it means the investor is lending money but on the second hand side, it is borrowing money.

How can I tell from the graph?

CFA Discussion Topic: CML

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Thanks again for your wonderful site ... it definitely made the difference.
Craig Baugh

Craig Baugh